Personal Finance Project Part 10: Investment, Charity, Gifts, 8: Savings Directions: Use the questions below to help you think through your philosophy on saving and giving money. Then address the questions in paragraph format (use the bold topic headings as an indicator to start a new paragraph) in 1.5-2 pages typed, single spaced, 12 pt Arial or New Times Roman font. Your Investments (research the answers to questions 1-4): 1. What's the difference between stocks and bonds? What are mutual funds? 2. What types of retirement accounts exist for your profession? 3 What other ways can you make your money work for you besides using a savings account? 4: Will you invest your money? How much? For what purpose? Explain. Your Donations: 1. Will you donate any of your money? If so. how much? 2. What types of religious organizations or charities are you interested in helping? 3. Is being charitable important to you? Explain. 4. Are there non-monetary ways you'd like to use to support these organizations? Your Gifts: 1. As on adult. you'll likely need to purchase gifts throughout the year (think of weddings, birthdays. groduations). How much would you like to set aside monthly to purchase gifts? Your Savings: 1 Have you set up a checking and savings account yet? If not, please consider doing so NOW! 2: How much will you save each month? Remember, this money will not be used to pay bills- it's SAVINGS. What are you saving FOR? Savings should always have a purpose even if it'sjust as an emergency fund should you lose yourjob. You could save for travel, a home, a car, children, etc. 3. How much will you put towards retirement? Will yourjob match your contribution